The Risky Planner™

AACE 2026: What Practitioners Actually Say About Risk and AI

Albert & Nate w/Dokainish & Company Season 2 Episode 25

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Fifteen capital project practitioners at AACE International's 2026 conference named communication, not technology, as their biggest advantage on projects. Nate Habermeyer and Albert Brier break down floor interviews on AI adoption, a new program-level Monte Carlo risk paper, and what separates practitioner caution from vendor enthusiasm.

Capital project risk management is shifting from single-point cost and schedule numbers toward decision support that executives can actually use. At AACE International's 2026 conference, Albert Brier and co-author Roger Bradfield presented a paper proposing a standardized, repeatable method for rolling sub-project risk up to the program level using Monte Carlo simulation, without overloading the risk model with every schedule in the program.

Nate and Albert discuss what happened on the conference floor and in the technical sessions. Albert explains the paper's core framework, the questions it drew from AACE's Decision and Risk Management subcommittee, and why the next step is potentially drafting a Recommended Practice. They cover the growing trend of reframing risk analysis as decision support rather than a single dollar figure, and they walk through fifteen floor interviews with practitioners from firms including Ontario Power Generation, MBP, Nplan, SmartPM, and Volkert.

The paper Albert presented gives programs a mathematically valid way to identify risk at the sub-project level and roll it up without duplicating every individual project schedule inside one giant risk model. Reviewers asked two recurring questions: whether any organization could realistically execute a framework this rigorous, and how schedule, which does not add up the way cost does, fits into a program-level contingency plan. A separate conversation with a utility-sector reviewer surfaced a real gap in the draft: how to manage a shared management reserve when a program is executed by multiple organizations that do not share one budget.

On the interview side, when asked what "secret sauce" they bring to projects, most practitioners pointed to communication and interpersonal skill, not a proprietary tool or technique. That theme repeated when Albert asked about the biggest lesson learned early in their careers. The AI question produced a different pattern entirely: practitioners doing highly technical work, planning, scheduling, and quantitative risk analysis, described cautious, limited, or no AI use, while every software vendor interviewed described deep AI investment across their product lines. 

The enthusiasm around AI in project controls software is real. The gap between what vendors are building and what practitioners are actually using day to day is also real. 



Presented by Dokainish & Company www.dokainish.com

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